Claim $500Breaking: Microstrategy to Raise $400M in Senior Secured Notes for BItcoin Investment
Microstrategy, the cloud solution provider has announced another $400 million in senior secured notes to purchase additional Bitcoin. This would be the third security debt offering by the fortune 500 company that has invested over $2 billion in Bitcoin via direct cash purchases as well as credit raised from the sale of convertible security notes
MicroStrategy Announces Proposed Private Offering of $400 Million of Senior Secured Notes to acquire additional #bitcoin. $MSTRhttps://t.co/ilhUt1M73j
— Michael Saylor (@michael_saylor) June 7, 2021
Microstrategy is considered to be the pioneer of Fortune 500 companies buying bitcoin from their treasury cash. The software giant started buying Bitcoin towards the end of August 2020 and since then has raised over $1.5 billion in security offers to purchase bitcoin. The CEO of the firm Michael Saylor has maintained throughout that they have no plans of stopping and his company would continue buying Bitcoin.
The Fortune 500 company currently holds 92,079 BTC on its balance sheet with a net investment of $2.251 billion. Where most of the other publically listed companies have made a one-time investment and quite a few have even sold their holdings with humungous profits, MicroStrategy has continuously bought the top cryptocurrency over the past 10 months without showing any intention of selling, even when their profits more than doubled last month when BTC price hit an ATH of $64,683.
MicroStrategy is Currently at $1B in Profit
The current valuation of MicroStrategy’s 92,079 BTC holding stands at $3.37 billion giving them more than $1 billion in profits. The profits made by the company for simply holding BTC for 10 months have exceeded its profit from all their products combined.
The software giant was among the first to propagate the use of bitcoin as a treasury reserve amid depleting value of the US dollar. Saylor over the past year has become a big-time Bitcoin proponent himself who is credited for bringing Tesla to the Bitcoin bandwagon and many other publically listed companies. Saylor recently also revealed that entities under him hold a total of 110,000 BTC and none have sold.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- Trump-Linked USD1 Stablecoin Crosses $3B Market Cap After Binance Rolls Out 20% Yield
- Crypto India: Billionaire Nikhil Kamath Reveals He Holds Zero Bitcoin, Plans to Explore BTC in 2026
- Spot Bitcoin ETFs Bleed $175M as Analysts Predict BTC Price Crash to $40K
- Dormant Bitcoin Whale Awakens with $30M Profit
- Bitcoin, AI Coins Bounce as Nvidia Signs $20B AI Inference Deal with Groq
- Bitcoin Price on Edge as $24B Options Expire on Boxing Day — Is $80K About to Crack?
- Crypto Market Rebounds: Are Bulls Positioning for a Santa Rally?
- XRP, Bitcoin, Ethereum Price Predictions Ahead of Jan 2026 CLARITY Act and US Crypto Reserve Plans
- Pi Network Analysis: Pi Coin Price Surges on Christmas Eve, Can It Hit Year-End Highs?
- Why Dec 26th Is A Do Or Die for Bitcoin Price Ahead Of Record Options Expiry?
- Why Bitcoin, Ethereum And XRP Prices Are Down Today? (24 Dec)
